Profund Advisors LLC Boosts Holdings in The Goldman Sachs Group, Inc. $GS

Profund Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,053 shares of the investment management company’s stock after purchasing an additional 565 shares during the period. Profund Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,413,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth about $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after buying an additional 20 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total value of $8,893,893.39. Following the sale, the insider owned 18,533 shares in the company, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer directly owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 87,513 shares of company stock worth $83,718,401. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $990.00 price target on shares of The Goldman Sachs Group in a report on Wednesday. Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Dbs Bank increased their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. Finally, Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $916.86.

Check Out Our Latest Stock Report on GS

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Up 4.4%

NYSE:GS opened at $929.47 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a 50 day moving average of $909.26 and a 200-day moving average of $817.45. The firm has a market capitalization of $278.77 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter in the previous year, the firm posted $11.95 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 35.09%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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